23 US states slide into recession as economy struggles
Moody's chief economist Mark Zandi reveals nearly half of US states are in recession territory. Discover how California and New York hold the key to America's economic fate amid AI uncertainty.
Category : Economy
Labour Abandons Income Tax Rise for Stealth Taxes
Chancellor Rachel Reeves appears set to abandon manifesto pledge for income tax rise in favour of stealth taxes, raising questions about Labour's tax reform ambitions.
Trump's $2000 rebate plan gets economic advisor boost
Donald Trump floats $2000 rebate checks for Americans using tariff revenue, but Congressional approval remains hurdle. Read the latest developments on this economic proposal.
Reeves Extends Tax Freeze for Two Years in Budget
Chancellor Rachel Reeves abandons income tax rise but will freeze personal tax thresholds until 2030, pulling more into the tax net. Get the full budget details.
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Reeves's Budget Chaos: Pension Panic and Tax U-Turns
Chancellor Rachel Reeves's Budget leaks cause pension panic and income tax confusion, breaking manifesto promises and unsettling markets. Discover the full story behind Westminster's financial turmoil.
Reeves Abandons Income Tax Hike in Budget U-Turn
Chancellor Rachel Reeves has scrapped planned income tax increases due to improved economic forecasts. Discover how stronger wage growth influenced this Budget decision.
Billie Eilish calls Elon Musk a 'pathetic coward'
Pop star Billie Eilish launches a scathing attack on Elon Musk, calling the potential trillionaire a 'pathetic coward' for not using his wealth to solve global crises.
Reeves' Tax U-Turn Creates Economic Chaos in UK
Chancellor Rachel Reeves abandons income tax hike plans, causing market turmoil and accusations of turning Britain into an 'economic laughing stock'. Full analysis inside.
Financial Concerns Limit Family Size in US Survey
New research reveals 70% of Americans consider raising children too expensive, with finances now the top factor limiting family size. Discover the implications for birth rates.
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Reeves' income tax U-turn stuns ministers and markets
Chancellor Rachel Reeves abandons income tax rise plans, causing government borrowing costs to spike. Discover the political fallout and alternative tax measures now being considered.
Trump asks CEOs for affordability crisis tips
Donald Trump sought advice from top US CEOs on the affordability crisis while predicting 6% economic growth, a claim met with scepticism. Read the full report.
Pound falls as Reeves' tax U-turn spooks markets
Sterling drops 0.3% against dollar as Chancellor Rachel Reeves abandons income tax rise plans, triggering biggest gilt yield surge since July. Investors fear political instability ahead of crucial budget.
Reeves' Budget U-Turn Divides Public Opinion
Chancellor Rachel Reeves abandons income tax rise plans, sparking heated debate over Labour's economic credibility and Budget uncertainty ahead of November announcement.
Reeves Plans £20-30bn Tax Rise in November Budget
Chancellor Rachel Reeves abandons income tax rise but targets £20-30bn through threshold freezes, EV charges & gambling taxes. Full budget breakdown inside.
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Reeves abandons income tax hike in Budget U-turn
Chancellor Rachel Reeves has scrapped plans for an income tax increase in the November Budget after improved economic forecasts. Discover what this means for your finances.
Reeves in Crisis After Income Tax U-Turn
Chancellor Rachel Reeves dramatically reverses income tax hike plans, sparking market turmoil and Labour party infighting ahead of crucial Budget announcement.
Reeves's £9bn tax dilemma: who faces higher bills?
Chancellor Rachel Reeves reconsiders income tax plans. Explore the stealth tax options hitting workers and pensioners. Discover the Budget's financial impact.
Tax threshold freeze to cost middle earners £843
Experts warn extending the income tax threshold freeze could add £843 to bills for middle earners over four years through fiscal drag. Discover the impact of the upcoming Budget.
Labour's 10-Day Tax U-Turn Sparks Government Crisis
Chancellor Rachel Reeves abandons income tax rise just 10 days after announcing it, leaving government credibility in tatters ahead of November Budget. What's next?
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Gilt yields surge as Chancellor Reeves abandons income tax rise
UK government borrowing costs jump as Rachel Reeves reportedly scraps income tax hike plans, breaking Labour manifesto pledge. Gilt yields surge in market sell-off ahead of November 26 Budget.
Gilt Yields Surge on Chancellor's Income Tax U-Turn Reports
Speculation that Chancellor Rachel Reeves has abandoned plans for an income tax rise sparks a sell-off in UK government bonds, pushing borrowing costs higher. Discover the market reaction and political fallout.
Reeves abandons income tax rise in budget U-turn
Chancellor Rachel Reeves drops planned income tax increase in November budget while China faces factory slowdown. Follow the latest economic developments and market impacts.
Pensioners over £35k face Winter Fuel Payment clawback
HMRC will contact pensioners earning over £35,000 to repay Winter Fuel Payments. Repayments start April 2026. Learn about eligibility and scam warnings.
Reeves abandons income tax hike plan for Budget
Chancellor Rachel Reeves has reportedly abandoned plans to raise income tax in the upcoming Budget, breaking a key Labour manifesto pledge. Discover the implications for UK taxpayers.
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AI Bubble Burst: UK Taxpayers Face Bailout Risk
As AI becomes essential to UK public services, taxpayers risk repeating the 2008 bank bailout with a potential £2 trillion AI collapse. Discover the looming financial threat.
Reeves to clamp down on expensive bike purchases
Chancellor Rachel Reeves plans to restrict high-end bicycle purchases in the Cycle to Work scheme amid concerns about wealthy commuters exploiting tax breaks. Read the full details.
US October CPI and Jobs Reports May Never Be Released
The White House warns October's crucial inflation and jobs data may be lost due to the government shutdown, leaving the Federal Reserve 'flying blind'. Discover the full impact.
UK economy grows 0.1%, tax hikes loom to avert crisis
The UK economy is stalling with growth of just 0.1%. Chancellor Rachel Reeves faces tough tax decisions to avoid a market meltdown. Can the government find a path to recovery?
Scotland to issue bonds after securing strong credit rating
First Minister John Swinney announces Scottish Government bonds to fund key infrastructure after securing AA credit rating from Moody's and S&P Global. A pivotal moment for Scotland's economy.
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UK economic growth slows to 0.1% in third quarter
UK economic growth slowed to 0.1% in Q3 2025, a sharp decline from the previous quarter. The Jaguar Land Rover cyber attack and rising unemployment create a challenging backdrop for the upcoming budget.
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